Shyam Metalics and Energy Ltd appointed Mr. Deepak Agarwal, Existing Director-Finance additionally as the Group Chief Financial Officer

Shyam Metalics and Energy Limited (SMEL), a leading integrated metalproducing company based in Kolkata, has announced an update to the company's leadership team, Mr. Deepak Agarwal, who is currently holding the office of Director-Finance will be given additional responsibility under the designation of Group Chief Financial Officer (CFO) effective from 05th May, 2023.

Mr. Deepak Agarwal is a techno commercial professional and has been with the company for more than 25 years. He is a member of the Institute of Company Secretary of India and his array of exposure percolates to areas like finance, accounting, taxation, banking and treasury, corporate governance, merger and acquisition cost control and risk management.

Commenting on the development, Mr. Deepak Agarwal said, "I look forward to takeover the additional duties and assist our leadership team further. Over the years our team demonstrated capability to deliver extensive projects and has scaled up the business multi-fold. Financial prudence has been the backbone in building our company with a robust balance sheet while maintaining low leverage. I believe the potential for growth and value creation from our upcoming capex plans is tremendous."

Mr. Brij Bhushan Agarwal, Vice Chairman & Managing Director said, "Deepakji complements our strong performance-oriented culture with a proven track record of delivering results. He is a seasoned executive who has risen through the ranks in our company and brings a healthy capital allocation discipline. I am certain that with the additional responsibility he will play an even bigger role as we execute our extensive capex plans and improve our operating results."

Shares of Shyam Metalics and Energy Limited was last trading in BSE at Rs. 299.80 as compared to the previous close of Rs. 301.85. The total number of shares traded during the day was 5608 in over 223 trades.

The stock hit an intraday high of Rs. 305.70 and intraday low of 297.25. The net turnover during the day was Rs. 1691364.00.

Source : Equity Bulls

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ShyamMetalicsandEnergy LeadershipTeam Update